-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Great quote from Crain’s in this twitter feed. Illinois has reached rock bottom when the only solution is reefer and blackjack.
https://twitter.com/i/web/status/1137825848592150529
Legalize hooken next!!!
They will legalize it and then tax it so much that it will force the industry to relocate out of state.
Or maybe have a state hookers union w gaurenteed state bennies. Afsme, ctu, or seiu?? Could organize??
Sure all the pot & gambaling workers the unions will be trying to sign up